خروج بريطانيا من الاتحاد الأوروبي: فرصة تجارية جديدة لمنطقة أوكا

Recep Yorulmaz,Savaş Kaptan

doi:10.47932/ortetut.931631

Abstract

Following the UK’s exit from the EU, many countries–both in the union and outside–have started to gauge its possible impacts on their economies. Simply, the EU countries will be affected negatively since they will be required to do some extra paperwork to be able to import from or export to the UK from now on. On the other hand, non-EU countries have a chance to expand their export to the Kingdom that is looking for improving its trade relations with the countries outside the union. From this point of view, our aim in this study is to investigate how the Middle Eastern and North African countries could benefit from this transition. We have made a sectoral analysis covering these countries to find out which sectors are advantageous in exporting to the Kingdom after the Brexit. It is found that along with the Brexit, automotive sectors in Turkey, Morocco and Tunisia could enhance its export to the Kingdom. For the textile sector, businesses in Turkey, Morocco, Tunisia, and Egypt are likely to increase their exports. In the region, another critical industry is electrical machinery and its equipment in which Turkey, Egypt, Morocco, Israel, and UAE have an export potential. When we evaluate all the countries in the region, Turkey seems to have the highest export potential to the UK after the Brexit.

Highlights

Many countries have expressed concern about the economic consequences of the withdrawal. even if the uk and eu reach a free trade agreement that excludes taxes and customs duties, the trade volume will decline since eu countries will be needed to complete additional paperwork to import or export to the uk in the future.[4] exporters will need to get licenses and certificates for certain commodities
171 billion dollars in exports.[13] the uk accounts for around 18.4 billion dollars of this merchandise trade volume. according to ıtC data )2019(, this amount accounts for 22% of the entire volume of 21 mena nations, or 82 billion usD, demonstrating the importance of the turkish economy in the region
Opportunities for the MENA After the Brexit unlike the existing literature on Brexit, our research study evaluates the sectoral merchandise trade statistics of the united kingdom. ıt provides detailed information about the critical sectors, focusing on turkey and the mena region. as the existing literature points out that the uk will switch from trading with the eu countries to non-eu countries after the leave, it is noteworthy to analyze how turkey and the mena will share this transformation process

Summary

Introduction

Following the global recession of 2008-09, which severely impacted european countries, the British economy was unable to fully recover, and job losses surged.[1] the unemployment rate rose from 5.26 percent in 2007 to roughly 8.04 percent in 2011, a significant jump for a mature economy like the united kingdom )uk(.2 British citizens began accusing migrant workers from eu countries of robbing them of their jobs. ıt is worth noting that in the 2010s, more than 100,000 eu people relocated to the kingdom each year in search of a job.[3] along with these changes, David Cameron, the Conservative prime minister of the coalition government from 2010 to 2015, stated in 2013 that a referendum on eu membership would be held if his party won the election in 2015. the referendum was held on 23 June 2016, after the Conservative party won the election in 2015 and gained control of the government without forming a coalition. According to ıtC data )2019(, this amount accounts for 22% of the entire volume of 21 mena nations, or 82 billion usD, demonstrating the importance of the turkish economy in the region.

Results

Conclusion